The monetary fine of 25 000 (twenty-five thousand) GEL was imposed on commercial bank JSC "PROCREDIT BANK" (I.N. 204851197):

1. For 2 (two) cases for misrepresentation of information/documentation to the National Bank of Georgia in the process of inspection;
2. For 2 (two) cases for breach of requirements set by the subparagraph “e”, Paragraph 1, Article 18, law of Georgia „On Facilitating the Suppression of Money Laundering and Terrorism Financing”, and subparagraph “c” (reasonable measures has not been taken to determine the source of wealth and the source of funds towards 2 customer);
3. For 2 (two) cases for breach (submitting incorrect information to the National Bank of Georgia) of the rule approved by the order N162/04 (December 4, 2017) of the President of the National Bank of Georgia on “Filling and Submitting Report by the Commercial Banks on the Legalisation of Illicit Income and Terrorism Financing risk”;
4. For 3 (three) cases for breach (delay in submitting the report to the Financial Monitoring Service) of sub-article 2 of an article 9 of the rule approved by the Order N1 (June 5, 2020) of the Head of the Financial Monitoring Service of Georgia on “Record-keeping, Storage and Reporting of the Information on the Transaction by Obliged Entity to the Financial Monitoring Service of Georgia”, and for 3 (three) cases the breach (delay in submitting the reporting report to the Financial Monitoring Service) of sub-article “a” of an article 12 (4) of the regulation approved by the Order N4 (January 18, 2012) of the Head of the Financial Monitoring Service of Georgia on “Receiving, Systemizing and Processing Information and Reporting to the Financial Monitoring Service of Georgia by Commercial Banks”.